$180,000
$190,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
124 Vernon AVE Morgan, MN 56266
7,840 Sqft Lot
Key Details
Sold Price $180,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5271207
Sold Date 03/20/20
Year Built 1934
Annual Tax Amount $2,416
Tax Year 2018
Contingent None
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 7000
Property Description
Bar/Restaurant Opportunity: The City and Country Tavern building in Morgan, MN (population 860) is for sale. The property includes a Bar/Restaurant/Banquet Hall/Kitchen that are turn key. All the equipment necessary to operate the business is included in this sale. You could be open for business immediately! Banquet Hall has seating for up to 240 people, and patio seating is also available. Building, furniture, fixtures and equipment are included. Catering and bartending possibilities at historical Gilfillan’s Estate for weddings almost every weekend during season. Just 5 miles away is the Dacotah Ridge Golf Course, ranked in the top 10 Minnesota courses and designed by renowned architect Rees Jones. 10 miles down the road is Jackpot Junction Casino Hotel. On the second floor of the building, there is a recently remodeled two-bedroom apartment that produces $7800 per year in revenue. Sale also includes adjacent vacant lots (Parcel ID: 86-200-1000 and 86-200-0510)
Location
State MN
County Redwood
Zoning Residential-Single Family
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Heating Common
Present Use Restaurant, Bar/Tavern
Building
Foundation 7800
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Cedar Mountain
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